Joint accounts

“I’m really frustrated that joint accounts are no longer offered by any bank. This was such an essential service for families and couples to manage shared finances. How are people supposed to live in communion of property when they’re forced to keep separate accounts? The banks’ reasoning doesn’t make sense, as one spouse often still can’t qualify for credit.

Why not create an account that only both spouses can deposit money into? Each spouse could keep their own personal accounts, pay tax on those, and then transfer money into the joint account to live from. This would solve the problem while allowing couples to manage shared expenses more effectively.”